Softgel Capsules Market Research: Key Players, Strategies, and Competitive Landscape
Softgel Capsules Market in terms of revenue was estimated to be worth $1.1 billion in 2023 and is poised to reach $1.5 billion by 2028, growing at a CAGR of 6.3% from 2023 to 2028 according to a new report by MarketsandMarkets™. The growth of this market is majorly driven by the benefits of softgel capsules, increasing demand for dietary supplements and nutraceuticals, and rising demand for naturally sourced ingredients. Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=238329912 In 2022, the gelatin segment accounted for the largest market share of the softgel capsules market based on material type. Based on material type, the global softgel capsules market is segmented into gelatin and other materials, such as carrageenan (natural seaweed extract), plant-derived cellulose, hydroxypropyl methylcellulose (HPMC), pullulan (obtained from the fermentation of starch), and starch-glycerin. The gelatin segment accounted for the l...